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"The amount that I have to reinvest in my business and feed my family is more like $600,000 ... and so by the time I feed my family, I have maybe $400,000 left over ..."-- Congressman John Fleming

"It is hard to ask more of households making $250,000 or $300,000 a year. In large parts of the country, that kind of income does not get you a big home or lots of vacations or anything else that is associated with wealth."-- Senator Chuck Schumer

“I feel stuck,” [director of marketing for broker-dealer Euro Pacific Capital Inc. Andrew] Schiff said. “The New York that I wanted to have is still just beyond my reach.” How so? "Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex."

“People who don’t have money don’t understand the stress,” said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. “Could you imagine what it’s like to say I got three kids in private school, I have to think about pulling them out? How do you do that?”

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